In addition to fixed interest rates, MPOWER also offers an interest rate discount that could potentially reduce your interest rate by up to 0.25%. Here's how:

Enroll in Autopay! Autopay will automatically debit your loan payment each month. When you enroll, we’ll give you a 0.25% deduction on your interest rate for as long as you remain enrolled.

Your discount may be removed if you make an invalid payment, or request forbearance or enter into a modified payment plan. There are no other ways to lower your interest rate, nor do we negotiate interest rates.